microsoft

Satya Nadella, CEO, Microsoft

Microsoft Corporation has announced a multiyear partnership as well as a $1 billion investment in the San Francisco-based OpenAI in a bid to create ethical AI and expand Microsoft Azure’s abilities in AI systems.

“The creation of AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity,” said Sam Altman, CEO, OpenAI. “Our mission is to ensure that AGI technology benefits all of humanity, and we’re working with Microsoft to build the supercomputing foundation on which we’ll build AGI. We believe it’s crucial that AGI is deployed safely and securely and that its economic benefits are widely distributed. We are excited about how deeply Microsoft shares this vision.”

According to Microsoft, the partnership is expected to speed up breakthroughs in AI, propel OpenAI’s efforts in the creation of Artificial General Intelligence (AGI) and jointly build new Azure AI supercomputing technologies. It will see Microsoft becoming OpenAI’s partner for commercializing AI technologies.

“AI is one of the most transformative technologies of our time and has the potential to help solve many of our world’s most pressing challenges,” said Satya Nadella, CEO, Microsoft. “By bringing together OpenAI’s breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI — while always keeping AI safety front and center — so everyone can benefit.”

Established in 2015 in San Francisco, OpenAI is a nonprofit AI research company. It started with $1 billion in funding from Silicon Valley investors Sam Altman, Peter Thiel and LinkedIn co-founder Reid Hoffman, among others. The group recently created a for-profit division for accepting outside investment.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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